JumpTap raises $26 million

JumpTap Inc., a Cambridge mobile search and advertising startup, today said it had secured a new round of venture capital worth more than $26 million from a consortium led by investment giant AllianceBernstein L.P. Previous investors in JumpTap, including General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, and WPP, also participated in the funding round.

The company said it would use the capital infusion to expand its organization and accelerate development of its mobile search and advertising services. The services are offered to more than 150 million mobile subscribers through partnerships with mobile operators and content publishers.
(By Robert Weisman, Globe staff)